Jacobs sells French business
Jacobs has completed the sale of its Jacobs France business to Nox Sarl.
The transaction was settled in cash, for a value that has not been disclosed.
Jacobs president and CEO Steve Demetriou said: “We carefully reviewed our strategy for our Jacobs France subsidiary, and a sale to Nox evolved as the preferred solution for all parties. The business in France fits well with Nox and supports the company’s ambitions for continued growth amongst its core market segments.
“For Jacobs, this represents our continued efforts to streamline our overall operational efficiency in regions that fit within our target markets and geographies.”
The Jacobs France subsidiary has offices located in Paris, Lyon, Le Havre and Aix en Provence, and a workforce of approximately 250 employees.
Nox has some 400 employees across 30 locations in France and worldwide. It provides services across engineering public and private partnerships, project management, investments and real estate.
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This article was published on 18 Jul 2016 (last updated on 18 Jul 2016).